GST refunds denied to MNC back offices

Economic Times

New Delhi: A host of back offices of multinational companies in the financial sector face a tax whammy, with Goods and Services Tax authorities denying them refunds of amounts paid on inputs, saying the work done for parent companies can’t be considered as exports and will be counted as a service for the same entity.  GST authorities have rejected refunds on these grounds across states, inclu…

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